Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

17,523
Posts
15,114
Votes
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
15,114
Votes |
17,523
Posts

Seller kept horrible records

Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorPosted
Found an off market multi family that a women wants to sell (she is elder and husband recently passed) The duplex has two tenants but she noted they have been on month to month for years. Told me what they pay but had no lease. Also she has no financial records as she gave discounts for paying cash etc. Is there any other way to analyze the deal ? Based on current market rates in the area it would cash flow $200/door after putting in 10% capex/PM/repairs (10% each) Should I be suspicious and is there a way to protect myself. I don't have accepted offer etc. Any advise appreciated Thanks
  • Chris Seveney
business profile image
7e investments
5.0 stars
15 Reviews

Loading replies...